This property looks like a bad Long-Term investment with a projected -15.1% first-year return on $110k initial cash invested.
-15.1%
Cash On Cash
3.66%
Cap Rate
0.56
DSCR
$2,927
Rent
-$1,380
Cashflow
Cash Flow
$2,927 income − $4,307 expenses = $1,380 out of pocket
Investment Breakdown
|
Purchase Price
$522k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$110k
Downpayment
20%
$104k
Closing costs
1%
$5,224
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,927
Total Expenses
$4,307
Mortgage P&I
97%
$2,827
Property Taxes
18%
$527
Home Insurance
7%
$192
HOA
0%
$0
Property Management
10%
$293
CapEx
5%
$146
Vacancy
6%
$176
Maintenance
5%
$146
Other
0%
$0